The Total Contractor Bond Picture
Did you know that a bond is not insurance? When you buy a bond, you are guaranteeing that you will do what you say you will do. That’s why bonds are based on your creditworthiness. Because of the recent recession, many contractors have found themselves paying more for a bond than for their general liability policy because their credit is less than stellar.
Your credit does not have to be perfect to get a good price on a bond. In fact, there are several bond markets that realize that most everyone’s credit has taken a hit during the recession. Bancorp Insurance now has bond markets that give you a great price on a bond even if your credit score is down from a few years ago.
We can also help you with your DEQ Bonds, and Bid and Performance Bonds.
Listen to our podcast to learn more about Bonds.
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BONDED AND INSURED USING BANCORP INSURANCE
Consider obtaining all of your contractor bonds plus your contractor’s general liability insurance with Bancorp. Not only is it affordable, it’s convenient! Bancorp can select from over 30 insurance carriers and provide your business with the perfect insurance protection package.
BANCORP INSURANCE SERVICES WASHINGTON, OREGON AND IDAHO CONTRACTORS
Bancorp’s primary market is contractor bonding and insurance. Our accommodating and proficient staff insure thousands of contractor’s in Oregon, Idaho and Washington.
Complete the Protection Savings Form on this page today or call us at 800-452-6826. In return, a professional contractor specialist from Bancorp will contact you. We will make sure you are legally bonded and completely insured, quickly, correctly and affordable!
Get a customized insurance quote today!
We’ll put together a customized quote built to protect your unique business needs. Let’s build something together!
How Much Does Contractors Insurance Cost?
The cost of insurance is ultimately determined by the specific trade and other needs that you require coverage for. However, you can still overpay for business insurance. So, it’s important to work with experienced agents that understand your type of trade. Bancorp agents can ensure that you are only paying for the coverage you need to protect your type of business.
Beyond the specific trade, you’ll find common variables weigh into the total insurance cost, such as:
- Company vehicles operated
- Claims history
- General coverage needs
- Number of employees
- Additional employee benefits
We will continuously work with you throughout the life of your policy to make necessary changes so that you are not overpaying or underinsured for your ever changing business needs.
Looking to Stretch Your Insurance Dollar?
Consider bundling your other insurance policies with Bancorp Insurance. Not only does bundling potentially save you money, it saves you time.
You can trust the experienced agents at Bancorp Insurance to provide insurance for not only your business needs, but your home, autos, rvs, boats, and other toys.
You wouldn’t leave the daily operations of your business to just anyone. So, don’t put your businesses livelihood in the hands of a random insurance company.
Bancorp agents have a combined 120 years experience directly supporting the business and personal needs of clients across the West Coast. The average life of our clients with the agency is 15+ years. Our goal is to produce a long term relationship that you can count on.